Market View 8 April 2011

It's Friday again!
What a good trading week we have been so far!
The music is getting softer and the tempo is getting
slower and we are going to take a break pretty soon.
Yes, some stocks were still charging higher yesterday
but you are right, SOME stocks only. They are recently
in the news or being covered in a buy-call in analyst
research report, you should know who.

Genting hit a high of 2.15 before settling down at 2.12
A few readers asked me whether it will hit the 2.18
resistance soon. From what I see, it is going to face
very strong resistance along the way to 2.18, but even
if it never reach the target, it will hover around the 2.10
region as what was mentioned in blog days ago.

It is likely we will have a rather muted trading day with
most action still being focus on the recent limelight stocks.
Trade with caution, and keep to the trailing stops and
cut-loss. 

Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-management.
If you don't like what you see in the market,
simply don't trade.

If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!

市场生存座右铭: 风林火山 

别人笑我太疯颠，我笑别人看不穿